Arrow Electronics (NYSE:ARW) Reaches New 52-Week High – Here’s Why

Arrow Electronics, Inc. (NYSE:ARW)’s stock price hit a new 52-week high on Friday . The company traded as high as $217.16 and last traded at $215.58, with a volume of 42268 shares traded. The stock had previously closed at $212.84.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARW shares. Zacks Research upgraded shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their price target on shares of Arrow Electronics from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Truist Financial raised their target price on shares of Arrow Electronics from $183.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Arrow Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, Raymond James Financial restated an “outperform” rating and issued a $220.00 target price on shares of Arrow Electronics in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.50.

Arrow Electronics Trading Up 2.5%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 1.02. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 15.60 and a beta of 1.16. The business’s 50-day simple moving average is $169.59 and its 200-day simple moving average is $139.91.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, May 7th. The technology company reported $5.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $2.30. Arrow Electronics had a net margin of 2.17% and a return on equity of 11.40%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. Arrow Electronics’s revenue was up 39.0% compared to the same quarter last year. Arrow Electronics has set its Q2 2026 guidance at 4.32-4.520 EPS. Research analysts predict that Arrow Electronics, Inc. will post 17.97 earnings per share for the current fiscal year.

Arrow Electronics announced that its board has initiated a share repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Arrow Electronics

In related news, insider Eric Nowak sold 3,473 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $210.99, for a total value of $732,768.27. Following the completion of the sale, the insider directly owned 48,835 shares in the company, valued at approximately $10,303,696.65. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Arrow Electronics

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Arrow Electronics during the third quarter worth approximately $26,000. Winnow Wealth LLC purchased a new stake in Arrow Electronics during the third quarter worth approximately $26,000. Bayban purchased a new stake in Arrow Electronics during the first quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its stake in Arrow Electronics by 112.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock worth $27,000 after buying an additional 131 shares during the period. Finally, Transamerica Financial Advisors LLC purchased a new stake in Arrow Electronics during the fourth quarter worth approximately $27,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Arrow Electronics Company Profile

Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.